Prime Minister Shehbaz Sharif announced that despite ongoing political challenges, Pakistan has achieved economic stability and met its financial goals. Speaking to the federal cabinet, he praised the Federal Board of Revenue (FBR) for collecting 97% of its December tax target, fulfilling commitments made to the International Monetary Fund (IMF).
The Prime Minister highlighted progress in digitizing Karachi Port, supported by a $6 million grant. This step has improved the port’s efficiency and transparency, making operations smoother.
He also mentioned the government’s efforts to control smuggling, especially of sugar and petroleum. These measures have reduced illegal trade and created a surplus of sugar, allowing for exports.
In terms of remittances, Pakistan received $15 billion in the first five months of the fiscal year. The government is optimistic about reaching a record $35 billion by the end of the year.
Prime Minister Sharif expressed confidence in these achievements as signs of Pakistan’s resilience and economic progress, despite difficult circumstances.
